How Happy a New Year?

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There was a sense, as the old year wound down, that British politics was in a kind of stalemate. The Conservatives are hoping that economic prosperity will herald a surge in their political fortunes. Labour is approaching the moment for a more searching analysis of its prospectus for government, which it must now begin to unveil. The Liberal Democrats are hoping to buck historical precedent which suggests that every junior partner to a coalition with the Conservatives pays an electoral penalty.

The leaders of all three parties have a tendency to wait for something to turn up but the prize